Brent Johnson Milkshakes Pod, Released on 6/21/26

Iran can call the 2026 war a political win. The regime survived, kept most of its enriched uranium, and held onto enough missiles to claim deterrence. This deck adds up what that “victory” actually cost. The bill: a decapitated leadership, a wrecked navy and air defense, the missile industry gutted, and roughly $270 billion in damage with a rebuild that could take 12 years. Politically they survived. Materially, they’re devastated.

Brent Johnson is the CEO of Santiago Capital and publisher of The Macro Alchemist. Brent brings twenty five years of experience in the financial markets to his position as CEO of Santiago Capital where he manages the portfolios of high net worth individuals and families via separate accounts and private funds. Brent worked more than nine years as a Managing Director at BakerAvenue, a $2 Billion Asset Manager and Wealth Management firm. Before joining BakerAvenue, Brent spent nine years at Credit Suisse in their private client group. He joined Credit Suisse in the fall of 2000. Earlier in his career, Brent was a financial auditor for Philip Morris Management Company in New York City.

  brent johnson, iran, war